Company Analysis - Commissioned /
Bahrain

Evergrande effect hits aluminium prices, but supply curbs are good for ALBA

  • Aluminium prices touched US$3,000 first time in 13 years on September 13, but corrected due to Evergrande and Alcoa

  • Persisting supply curbs are positive for prices and Aluminium Bahrain. We raise our aluminium and alumina forecasts

  • We increase our 2021f EPS to BHD0.30 (previously BHD0.244) and our target price to BHD0.89 (previously BHD0.83)

Evergrande effect hits aluminium prices, but supply curbs are good for ALBA
Janet Ogunkoya
Janet Ogunkoya

Senior Research Analyst

Tellimer Research
23 September 2021
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